BROOKFIELD Corp ON Acquires 44,935 Shares of Iron Mountain Incorporated $IRM

BROOKFIELD Corp ON raised its holdings in shares of Iron Mountain Incorporated (NYSE:IRM) by 31.4% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 188,255 shares of the financial services provider’s stock after buying an additional 44,935 shares during the period. BROOKFIELD Corp ON’s holdings in Iron Mountain were worth $19,228,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. BDFS Capital LLC bought a new position in shares of Iron Mountain in the fourth quarter worth about $340,000. Allstate Corp grew its stake in shares of Iron Mountain by 105.1% during the 4th quarter. Allstate Corp now owns 22,427 shares of the financial services provider’s stock valued at $1,860,000 after acquiring an additional 11,492 shares during the period. Stevens Capital Management LP purchased a new stake in Iron Mountain in the 4th quarter worth approximately $1,262,000. Intact Investment Management Inc. increased its holdings in Iron Mountain by 103.4% in the 4th quarter. Intact Investment Management Inc. now owns 71,600 shares of the financial services provider’s stock worth $5,939,000 after acquiring an additional 36,400 shares in the last quarter. Finally, Tectonic Advisors LLC raised its stake in Iron Mountain by 9.7% during the 4th quarter. Tectonic Advisors LLC now owns 162,777 shares of the financial services provider’s stock worth $13,502,000 after acquiring an additional 14,402 shares during the period. 80.13% of the stock is currently owned by institutional investors.

Iron Mountain Stock Up 0.0%

IRM stock opened at $128.33 on Monday. The firm has a market capitalization of $38.18 billion, a P/E ratio of 141.03 and a beta of 1.19. Iron Mountain Incorporated has a 52 week low of $77.77 and a 52 week high of $134.68. The company has a fifty day simple moving average of $125.31 and a two-hundred day simple moving average of $112.65.

Iron Mountain (NYSE:IRM) last released its earnings results on Thursday, April 30th. The financial services provider reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.10. The firm had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.86 billion. Iron Mountain had a negative return on equity of 91.56% and a net margin of 3.76%.The company’s revenue for the quarter was up 21.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.17 EPS. Iron Mountain has set its Q2 2026 guidance at 1.400-1.400 EPS and its FY 2026 guidance at 5.790-5.860 EPS. As a group, analysts anticipate that Iron Mountain Incorporated will post 5.4 EPS for the current year.

Iron Mountain Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 6th. Investors of record on Monday, June 15th were issued a dividend of $0.864 per share. The ex-dividend date was Monday, June 15th. This represents a $3.46 dividend on an annualized basis and a yield of 2.7%. Iron Mountain’s payout ratio is presently 380.22%.

Wall Street Analyst Weigh In

IRM has been the topic of several analyst reports. Zacks Research raised shares of Iron Mountain from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 12th. Weiss Ratings cut shares of Iron Mountain from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, July 9th. Barclays lifted their target price on shares of Iron Mountain from $127.00 to $143.00 and gave the company an “overweight” rating in a research note on Wednesday, July 1st. JPMorgan Chase & Co. increased their price target on Iron Mountain from $121.00 to $138.00 and gave the stock an “overweight” rating in a research note on Friday, May 1st. Finally, Wall Street Zen cut Iron Mountain from a “buy” rating to a “hold” rating in a report on Saturday. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $134.33.

Insider Buying and Selling

In other Iron Mountain news, Director Pamela M. Arway sold 1,892 shares of the company’s stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $128.97, for a total value of $244,011.24. Following the transaction, the director owned 40,196 shares of the company’s stock, valued at $5,184,078.12. This represents a 4.50% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Mark Kidd sold 6,000 shares of the stock in a transaction on Friday, May 8th. The stock was sold at an average price of $127.91, for a total value of $767,460.00. Following the completion of the sale, the executive vice president owned 119,507 shares in the company, valued at approximately $15,286,140.37. The trade was a 4.78% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 137,260 shares of company stock worth $17,361,672 over the last ninety days. Corporate insiders own 1.70% of the company’s stock.

Iron Mountain Company Profile

Iron Mountain Incorporated is a global information management company that helps organizations protect, store, and manage their physical and digital information. The firm provides a range of services including secure records storage, document imaging and digitization, secure shredding and destruction, and information governance solutions designed to support regulatory compliance and business continuity. Iron Mountain also offers specialized secure storage environments and logistics for sensitive assets such as art, medical records, and legal archives.

Beyond traditional records management, Iron Mountain has expanded into technology-driven services to support customers’ digital transformation.